3 ms·
At least in the US - the increase in savings rate is tightly correlated with the stimulus payments. I'm pretty sure you got a lot of stimulus in Canada, too. >
by onlyrealcuzzo 5y ago
At least in the US - the increase in savings rate is tightly correlated with the stimulus payments. I'm pretty sure you got a lot of stimulus in Canada, too.
>90% of adults don't have kids in daycare.
Even if you assume that all toddlers 1-5 go to day care and all of them have two parents (over 18) and no parents have two toddlers, the max is ~12% of the population. In reality, it's probably closer to ~7%.
- Majromax 5y ago> I'm pretty sure you got a lot of stimulus in Canada, too. Stimulus programs in Canada have been targeted towards loss of income, whether on the individual side through a job-loss cash benefit or on the business side through a wage subsidy program. To my knowledge, no large jurisdiction in Canada has given out cash payments equivalent to the US stimulus money, so a family that has not suffered job loss (partial or full) will not have gained gross income.